[House Document 113-117]
[From the U.S. Government Publishing Office]




113th Congress, 2d Session - - - - - - - - - - House Document 113-117
 
ENDING IMMUNITITES GRANTED TO THE DEVELOPMENT FUND FOR IRAQ AND CERTAIN 
 OTHER IRAQI PROPERTY AND INTERESTS IN PROPERTY PURSUANT TO EXECUTIVE 
                        ORDER 13303, AS AMENDED

                               __________

                             COMMUNICATION

                                  from

                     THE PRESIDENT OF THE UNITED STATES

                              transmitting

 NOTIFICATION THAT AN EXECUTIVE ORDER TERMINATING THE PROHIBITIONS IN 
SECTION 1 OF EXECUTIVE ORDER 13303 OF MAY 22, 2003, AS AMENDED HAS BEEN 
                 ISSUED, PURSUANT TO 50 U.S.C. 1622(d)




May 28, 2014.--Referred to the Committee on Foreign Affairs and ordered 
                             to be printed

                                  _______

                   U.S. GOVERNMENT PRINTING OFFICE

 39-011                    WASHINGTON : 2014













                                           The White House,
                                          Washington, May 27, 2014.
Hon. John Boehner,
Speaker of the House of Representatives,
Washington, DC.
    Dear Mr. Speaker: Pursuant to the International Emergency 
Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), I hereby 
report that I have issued an Executive Order (the ``order'') 
terminating the prohibitions contained in section 1 of 
Executive Order 13303 of May 22, 2003, as amended by Executive 
Order 13364 of November 29, 2004, on any attachment, judgment, 
decree, lien, execution, garnishment, or other judicial process 
with respect to the Development Fund for Iraq and Iraqi 
petroleum, petroleum products, and interests therein, and the 
accounts, assets, investments, and other property owned by, 
belonging to, or held by, in the name of, on behalf of, or 
otherwise for, the Central Bank of Iraq.
    I have taken this action as a result of my determination 
that the situation that gave rise to the actions taken in 
Executive Order 13303 of May 22, 2003, to protect the 
Development Fund for Iraq and certain other property in which 
the Government of Iraq has an interest has been significantly 
altered, including through the Government of Iraq's progress in 
resolving and managing the risk associated with outstanding 
debts and claims arising from actions of the previous regime. 
This action is not intended otherwise to affect the national 
emergency declared in Executive Order 13303 of May 22, 2003, as 
expanded in scope by Executive Order 13315 of August 28, 2003, 
which shall remain in place. This action is also not intended 
to affect immunities enjoyed by the Government of Iraq and its 
property under otherwise applicable law.
    I have delegated to the Secretary of the Treasury, in 
consultation with the Secretary of State, the authority to take 
such actions, including the promulgation of rules and 
regulations, and to employ all powers granted to the President 
by IEEPA and section 5 of the United Nations Participation Act, 
as amended (22 U.S.C. 287c), as may be necessary to carry out 
the purposes of the order. All agencies of the United States 
Government are directed to take all appropriate measures within 
their authority to carry out the provisions of the order.
    I am enclosing a copy of the Executive Order I have issued.
    Sincerely,
                                                      Barack Obama.
                            Executive Order

                              ----------                              


Ending Immunities Granted to the Development Fund for Iraq and Certain 
 Other Iraqi Property and Interests in Property Pursuant to Executive 
                        Order 13303, as Amended

    By the authority vested in me as President by the 
Constitution and the laws of the United States of America, 
including the International Emergency Economic Powers Act, as 
amended (50 U.S.C. 1701 et seq.) (IEEPA), the National 
Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of the 
United Nations Participation Act, as amended (22 U.S.C. 287c) 
(UNPA), and section 301 of title 3, United States Code,
    I, BARACK OBAMA, President of the United States of America, 
have determined that the situation that gave rise to the 
actions taken in Executive Order 13303 of May 22, 2003, to 
protect the Development Fund for Iraq and certain other 
property in which the Government of Iraq has an interest has 
been significantly altered. Recognizing the changed 
circumstances in Iraq, including the Government of Iraq's 
progress in resolving and managing the risk associated with 
outstanding debts and claims arising from actions of the 
previous regime, I hereby terminate the prohibitions contained 
in section 1 of Executive Order 13303 of May 22, 2003, as 
amended by Executive Order 13364 of November 29, 2004, on any 
attachment, judgment, decree, lien, execution, garnishment, or 
other judicial process with respect to the Development Fund for 
Iraq and Iraqi petroleum, petroleum products, and interests 
therein, and the accounts, assets, investments, and other 
property owned by, belonging to, or held by, in the name of, on 
behalf of, or otherwise for, the Central Bank of Iraq. This 
action is not intended otherwise to affect the national 
emergency declared in Executive Order 13303 of May 22, 2003, as 
expanded in scope by Executive Order 13315 of August 28, 2003, 
which shall remain in place. This action is also not intended 
to affect immunities enjoyed by the Government of Iraq and its 
property under otherwise applicable law.
    I hereby order:
    Section 1. The prohibitions set forth in section 1 of 
Executive Order 13303 of May 22, 2003, as amended by Executive 
Order 13364 of November 29, 2004, are hereby terminated.
    Sec. 2. The Secretary of the Treasury, in consultation with 
the Secretary of State, is hereby authorized to take such 
actions, including the promulgation of rules and regulations, 
and to employ all powers granted to the President by IEEPA and 
the UNPA as may be necessary to carry out the purposes of this 
order. The Secretary of the Treasury may redelegate any of 
these functions to other officers and agencies of the United 
States Government. All agencies of the United States Government 
are hereby directed to take all appropriate measures within 
their statutory authority to carry out the provisions of this 
order.
    Sec. 3. This order is not intended to, and does not, create 
any right or benefit, substantive or procedural, enforceable at 
law or in equity by any party against the United States, its 
departments, agencies, or entities, its officers, employees, or 
agents, or any other person.
    Sec. 4. This order shall be transmitted to the Congress and 
published in the Federal Register.

                                                      Barack Obama.
    The White House, May 27, 2014.

                                  
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